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    Property profile & analytics

    1220 Memorial Dr Crookston, MN 56716

    • Commercial real estate
    • 15,708 SF
    • 20.00 lot acres
    For Sale
    View listing
    $979,000
    Value Estimation
    Location Intelligence
    Property ID
    US46-2782030
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1220 Memorial Dr

    Year built
    1940
    Lot size
    20.00 lot acres
    Property size
    15,708 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, situated on approximately 20 acres within Crookston city limits, presents a unique investment opportunity. The main building, formerly occupied by the Diocese of Crookston, boasts an impressive 15,708 square feet of versatile space. Its layout includes numerous offices, well-appointed meeting rooms, and a convenient elevator, catering to a wide range of potential uses. The property's strategic location offers easy access to amenities and enjoys proximity to the Minakwa Golf Course. Adding to its appeal is a charming 2-bedroom, 1-story home, ideal for rental income or on-site management. This home features an attached 32x22 garage. Furthermore, a separate 1-story retreat center is included, complete with its own attached 35x22 garage, providing additional space for various purposes. The expansive acreage offers ample room for expansion, parking, or outdoor activities. The asking price for this substantial property is $979,000, representing a compelling value for its size, features, and location. This property is ready for its next chapter, offering significant potential for a diverse range of commercial ventures. The combination of the main building, residential home, and retreat center creates a unique and versatile property with significant income potential.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crookston
    County
    Polk
    State
    Minnesota
    Longitude
    -96.61805
    Latitude
    47.78297
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    1220 Memorial Dr
    Crookston, MN 56716
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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